How's the Real Estate Market in Gaithersburg MD?
Gaithersburg home sales saw the following changes in
February 2020 compared to last year at this time:
- average sold price was $429,766 compared to last year's $394,594
- average days on market to sell a home went to 37 days from 49 days
- average sold price sellers are getting changed to 98.7% from 97.7%
Gaithersburg market activity is summarized in the following chart (mouse over for details):
Gaithersburg Homes Sold
Through February 2020 there were 36 single family homes, 42 townhouses and 41 condos sold.The most expensive single family was sold for $930,000 in the Kentlands. The most expensive townhome sold for $710,000 in Crown Farm. The most expensive condo sold for $775 in the Kentlands. There was 16 cash buyers (mostly investors) or 14.6% of buyers.
The chart below shows average home price in Gaithersburg by type.
Are Sellers Getting Their Asking Price in Gaithersburg?
The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. You can see more details in our Gaithersburg Property Value Report.
How Long is it Taking to Sell a Home?
In February 2020, the average days on market was 37 compared to 49 days the same time last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market. Search for Gaithersburg homes for sale, save your favorites and get updates: